MUNICIPAL INFRASTRUCTURE RESILIENCE FRAMEWORK

Promoter – Financial Intermediary

PUBLIC INVESTMENT MANAGEMENT OFFICE - REPUBLIC OF SERBIA

Location

• Serbia

Description

The project consists of a framework loan under the Resilience Initiative to support the construction of water supply and sewers systems in municipalities impacted by migrants or severe floods crises.

Objectives

The project aims at the improvement of water and sanitation services in Serbia, with a focus on access to drinking water supply, access to sanitation, building institutional capacity, improving environmental protection, and achieving sustainability of sector financing. The project will address water and sanitation needs in numerous municipalities in Serbia through financing of a series of small-scale projects.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 50 million

Total cost (Approximate amount)

EUR 80 million

Environmental aspects

The schemes are expected to have minor environmental impacts during construction and no negative residual impacts in the operational phase. Most schemes will be located in a consolidated urban environment and on the existing main routes of water mains and sewers and in the premises of existing facilities or their vicinity. Therefore, the schemes are not likely to have negative impacts on nature conservation areas.

Procurement

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank's Guide to Procurement and the relevant applicable EU public procurement rules.

Status

Signed - 7/05/2019